Price of green diesel in February increased by over 21% year-on-year

The price of green diesel in February of this year was 21.8% higher than it was in February of 2016, according to the latest figures from the Central Statistics Office (CSO).

Meanwhile, the agricultural input price index increased by 0.5% in February, when compared to January. The agricultural output price index decreased by 0.3% over the same period, the CSO said.

On an annual basis, the agricultural output price index was up 3.5% in February 2017 compared with February 2016, it added. Meanwhile, the agricultural input price index decreased by 1.8% in February 2017 compared with February 2016, figures show.

Agricultural input price index

The year-on-year difference for green diesel was one of the only instances where the price index had increased in 2017, compared to the previous year.

The price index (in February) for veterinary expenses had increased by 0.5% over the space of 12 months, but had remained unchanged compared with January’s figure.

Advertisement

Overall, the fertiliser price index fell by just over 15% in the second month of 2017; compared to the same month last year.

But it did record a 4% increase on January’s figures, according to the CSO.

Straight fertilisers recorded a year-on-year decrease of 16.4% in February 2017. However, an increase of 6.3% in the price index was reported from January to February of this year.

Compound fertilisers, on the other hand, recorded a decrease of 15.1% in the space of a year – between February 2016 and February 2017. A modest monthly increase (from January 2017 to February 2017) of 2.4% was reported.

A decrease of 2.6% was recorded in the price index for feed-stuffs during the second month of the year, when compared with 2016 levels. The monthly difference (from January 2017 to February 2017) remained relatively unchanged, according to the CSO.